Market news feed

  1. Market Commentary thumbnail: GIFT Nifty drops over 260 points, signals weak start for Sensex, Nifty

    GIFT Nifty drops over 260 points, signals weak start for Sensex, Nifty

    According to Ponmudi R, CEO of Enrich Money, Indian markets are likely to ... Discover the latest Business News, Sensex, and Nifty updates. Obtain

  2. Market Commentary thumbnail: Nifty may lose 300 points at open amid global headwinds

    Nifty may lose 300 points at open amid global headwinds

    Ponmudi R, CEO of Enrich Money. “Any further deterioration in geopolitical ... News. Business News Companies News Markets News Economy News Forex News

  3. Market Commentary thumbnail: Markets Today: Sensex Crashes 840 Points, Nifty Drops Below

    Markets Today: Sensex Crashes 840 Points, Nifty Drops Below

    Ponmudi R, CEO of Enrich Money, said renewed tensions between Iran and ... Check Latest Updates on Iran US Israel War, Annamalai BJP Resignation News

  4. Market Commentary thumbnail: GIFT Nifty up 100 pts, signals positive start for Sensex, Nifty despite

    GIFT Nifty up 100 pts, signals positive start for Sensex, Nifty despite

    According to Ponmudi R, CEO of Enrich Money, Indian markets are likely to ... Discover the latest Business News, Sensex, and Nifty updates. Obtain

  5. Market Commentary thumbnail: Infosys, TCS, HCL Tech, Wipro, TechM: IT stocks in focus as Nasdaq

    Infosys, TCS, HCL Tech, Wipro, TechM: IT stocks in focus as Nasdaq

    Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealth-tech firm. Disclaimer: Business Today provides stock market news for

  6. Market Commentary thumbnail: Established 1945 | Page 65 - The Shillong Times

    Established 1945 | Page 65 - The Shillong Times

    Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said. ... news that matters to Meghalaya and beyond. Latest news. Washington

  7. Market Commentary thumbnail: सोने, चांदी में भारी गिरावट! अब क्या करें? | Gold & Silver Price Crash

    सोने, चांदी में भारी गिरावट! अब क्या करें? | Gold & Silver Price Crash

    Enrich Money के एक्सपर्ट्स और CEO Ponmudi R का इस मार्केट क्रैश पर क्या सोचना है। क्या आपको इस

  8. Market Commentary thumbnail: Established 1945 | Page 54 - The Shillong Times

    Established 1945 | Page 54 - The Shillong Times

    Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. The United States on Monday said that it bombed radar and drone sites in Iran

  9. Market Commentary thumbnail: Sensex, Nifty outlook for Monday, June 8: GIFT Nifty down 356 pts

    Sensex, Nifty outlook for Monday, June 8: GIFT Nifty down 356 pts

    Ponmudi R, CEO - Enrich Money. Triggers. Vinod Nair, Head of Research, Geojit ... Ponmudi said “the current environment, markets remain highly sensitive

  10. Market Commentary thumbnail: Markets close lower despite FII tax relief ordinance; RBI outlook

    Markets close lower despite FII tax relief ordinance; RBI outlook

    Ponmudi R, CEO of Enrich Money, said, Indian equity markets ended on a mildly negative note, reflecting a lack of conviction among investors amid mixed

Today Forecast

Pre-Market Outlook

08:40 AM

Indian markets are poised to begin the week on a cautious footing as renewed hostilities between Iran and Israel undermine hopes of a lasting ceasefire and rekindle geopolitical concerns across global markets. The latest escalation has dampened investor confidence, reinforcing a risk-off mood and keeping market participants focused on developments in the Middle East.
 
Crude oil prices surged more than 2% at the open amid fears of potential supply disruptions, with crude oil currently trading in the $92–93 per barrel range. The renewed volatility in energy markets poses additional challenges for India's inflation outlook and import bill, adding to broader macroeconomic concerns.
 
Global market cues remain weak. U.S. stock futures declined following a sharp selloff in technology stocks, while Asian markets witnessed significant weakness, with the Nikkei falling nearly 4% and the KOSPI declining more than 8%. The broad-based weakness across global equities is expected to weigh on domestic market sentiment at the opening bell.
 
Foreign Institutional Investors (FIIs) continue to remain net sellers, with persistent outflows acting as a key headwind for Indian equities and limiting the scope for a sustained recovery.
 
Overall, market sentiment remains cautious to negative in the near term. Escalating tensions between Iran and Israel, rising crude oil prices, continued FII selling, and weak global market performance are likely to keep volatility elevated. Any further deterioration in geopolitical conditions could intensify selling pressure, while signs of de-escalation may provide support for a gradual recovery in risk assets.

 

Technical view

Nifty 50

Nifty 50 continues to trade with a cautious undertone as the index remains confined within a broad consolidation range and struggles to sustain momentum above key resistance levels. From a technical perspective, the 23,450–23,550 zone continues to act as a key immediate resistance area. A sustained breakout above this range would be required to improve sentiment and could pave the way for a recovery towards the 23,750–23,800 levels.
 
On the downside, the 23,250–23,150 region remains a critical support zone. Holding above this range will be essential to preserve the current recovery structure. However, a decisive break below 23,150 could intensify selling pressure and expose the index to further downside towards the 23,000–22,900 zone. Momentum indicators remain subdued, with the RSI hovering around the 40 mark, indicating weak underlying strength. Overall, the near-term technical structure remains cautious. A decisive move above the immediate resistance zone will be necessary to establish stronger bullish momentum and improve the broader market outlook, while a sustained breach below the 23,000 level could weaken the technical structure further and increase downside risks.

 

Bank Nifty

Bank Nifty continues to trade with a cautious bias as the index remains below key resistance levels. From a technical perspective, immediate resistance is placed in the 54,800–55,000 zone. A sustained move above this range would strengthen bullish momentum and could pave the way for a further advance towards the 55,400–55,600 region, which remains a key resistance area in the near term.
 
On the downside, immediate support is seen at 54,000–53,800. Holding above this zone will be crucial to maintain the current recovery structure. However, a decisive break below this range could trigger renewed weakness and drag the index towards the 53,600 level. Overall, the near-term outlook remains cautious, with a sustained breakout above the immediate resistance zone required to confirm stronger bullish momentum.

Ponmudi R, CEO - Enrich Money

Today Nifty Outlook

NIFTY50

Today Bank Nifty Outlook

BANK NIFTY

orca apple store
+91

Already a User? ClickLogin

Download Orca

orca play storeorca apple store

Upcoming Webinars

Option Buying vs Selling: Smart Strategies

Option Buying vs Selling: Smart Strategies

Free

Telugu

5:00PM

Beginner to Pro in Stock Market – Step by Step

Beginner to Pro in Stock Market – Step by Step

Free

Malayalam

7:00PM

Trade Smarter with Orca - Live Demo

Trade Smarter with Orca - Live Demo

Free

Tamil

12:00PM

Trading During Geopolitical Uncertainty: Strategy Over Emotion

Trading During Geopolitical Uncertainty: Strategy Over Emotion

Free

Kannada

11:00AM

Send all media enquiries to

digitalmarketing@enrichmoney.in